View Poll Results: Do you believe Pelosi about Foodstamps and Unemployment?

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  • Pelosi is 100% correct

    8 22.22%
  • Pelosi is playing politics

    5 13.89%
  • Pelosi is 100% incorrect

    8 22.22%
  • Pelosi should go play in a mine field

    13 36.11%
  • Rutabaga

    2 5.56%
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Thread: Your view: Food Stamps and Unemployment

  1. #101
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by cpwill View Post
    well it was hardly the fed tilting the market signals alone; but the government was altering the incentives pretty heavily there particularly in housing, was it not?
    Mortgage tax credit of course,
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  2. #102
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by Lord Tammerlain View Post
    Total debt levels in the US during the Harding and Coolidge admins was far lower then it is now, it of course was building up strong during their admins and reached a high a few years previous high a few years before.
    debt was at unprecedented levels in both era's; comparing raw dollar amounts isn't rational and you know it.

    Overall what we have here is a faluire to associate cause and effect

    Cheap credit duriung the 20s leading to the great depression
    no. cheap credit during the 20's led to the stock market crash. the government's response to the stock market crash led to the great depression.

    Cheap credit during the 80-00's leading to the current economic crisis

    Supply side economics tends to encourage debt increases through easy credit and as such is stimulative in the short run.
    cheap-credit isn't supply-side. that's demand-side that would be the "the way to keep the economy roaring is to keep everyone buying more and more and more and more and more stuff whether they can or no!" side.

    Now what major event followed their administrations (
    the Hoover Administration

  3. #103
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by Lord Tammerlain View Post
    Mortgage tax credit of course,
    definitely a huge part of it.



    so we are agreed that the government helped to artificially pump up demand for housing, which led to a bubble and subsequently a crash?

  4. #104
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by Your Star View Post
    Individual and corporate debt, and a lack of faith in the market for consumers.
    And lack of faith sprung up suddenly?

    Individual and corporate debt were rising steadily for years. Why not a gradual decline in the economy?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
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  5. #105
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by Kal'Stang View Post
    Of course! How could I forget? Anything that doesn't match what everyone else is saying is of course "anecdotal" evidence. What oh what was I thinking? Silly me.
    Being willfully ignorant of the statistics?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
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  6. #106
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by Lord Tammerlain View Post
    EXCESS consumer debt and corporate debt
    As I said, debt had been rising steadily for years. Why not a gradual crash? Why did it happen so suddenly?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  7. #107
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by cpwill View Post
    debt was at unprecedented levels in both era's; comparing raw dollar amounts isn't rational and you know it.
    Debt to gdp as a % dept is far higher now and in the early 30's. Roughly 360% now vs 300% at most in the GD

    http://theeconomiccollapseblog.com/w...age-Of-GDP.jpg

    no. cheap credit during the 20's led to the stock market crash. the government's response to the stock market crash led to the great depression.
    Cheap credit fueled the stock market bubble, all bubbles eventually pop. The bigger the bubble the bigger the pop the bigger the collapse
    cheap-credit isn't supply-side. that's demand-side that would be the "the way to keep the economy roaring is to keep everyone buying more and more and more and more and more stuff whether they can or no!" side.
    Then harding, Collidge, and Reagan all followed demand side economics despite claims to the contrary
    the Hoover Administration
    The Great depression is more like it
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  8. #108
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by cpwill View Post
    definitely a huge part of it.



    so we are agreed that the government helped to artificially pump up demand for housing, which led to a bubble and subsequently a crash?
    Certainly

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  9. #109
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by Lord Tammerlain View Post
    Debt to gdp as a % dept is far higher now and in the early 30's. Roughly 360% now vs 300% at most in the GD
    Far higher? That's about a 20% difference. It's noticeable, but I wouldn't call it far higher.

    Cheap credit fueled the stock market bubble, all bubbles eventually pop. The bigger the bubble the bigger the pop the bigger the collapse
    Let's remember that if you try to make the claim that Coolidge should have done something about the impending bust.

    Then harding, Collidge, and Reagan all followed demand side economics despite claims to the contrary
    Reagan never cut spending. What do you have against Coolidge?

    The Great depression is more like it
    Caused by inane policies of the Hoover and Roosevelt administrations.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  10. #110
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by Lord Tammerlain View Post
    Debt to gdp as a % dept is far higher now and in the early 30's.
    that is definitely true. odd, isn't it, that periods of high government deficit spending and debt seem so tied to periods of economic morass?

    Cheap credit fueled the stock market bubble, all bubbles eventually pop. The bigger the bubble the bigger the pop the bigger the collapse
    Then harding, Collidge, and Reagan all followed demand side economics despite claims to the contrary

    The Great depression is more like it
    No, that was first Harding and then Roosevelt's gift to us.

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